"Deere & Company just delivered its latest quarterly dividend of $1.62 per share to shareholders on February 9, 2026, marking the fourth consecutive quarter at this elevated payout level. With shares trading at $621.36, the dividend yields a modest 1.09%. But beneath this steady payment lies a more complex story about dividend sustainability during one of the harshest agricultural downturns in recent memory."
"Deere has assembled an impressive dividend growth record, with annual payouts climbing from $3.04 in 2020 to $6.48 in 2025-a 113% increase over five years. The company maintained its $1.62 quarterly dividend throughout all of 2025, representing a 5% increase from the prior year's annual total of $6.18. This consistency matters. The equipment manufacturer has paid dividends every quarter for over two decades, with particularly aggressive growth since 2021."
"Here's where the picture gets concerning. Deere's net income collapsed 29% year-over-year in fiscal 2025, falling to $5.027 billion from $7.1 billion in fiscal 2024. That's a 50.5% contraction from the fiscal 2023 peak of $10.166 billion. Revenue followed a similar trajectory, declining to $44.665 billion in fiscal 2025 from $50.518 billion the prior year. The company's operating margin compressed from 22.6% to 18.8% as pricing power weakened and costs remained elevated."
Deere delivered a $1.62 quarterly dividend on February 9, 2026, yielding 1.09% at a $621.36 share price. Annual payouts rose from $3.04 in 2020 to $6.48 in 2025, a 113% increase, with the $1.62 quarterly rate maintained through 2025 and aggressive dividend growth since 2021. Net income fell 29% in fiscal 2025 to $5.027 billion, a 50.5% decline from the 2023 peak, while revenue dropped to $44.665 billion from $50.518 billion. Operating margin compressed from 22.6% to 18.8% as pricing weakened and costs stayed elevated. The payout ratio climbed to 34.2% in fiscal 2025.
Read at 24/7 Wall St.
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